sterling area
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noun
a group of countries that use sterling as a medium of international payments and sometimes informally as a currency against which to peg their own currencies. For these purposes they deposit sterling balances and hold gold and dollar reserves in the Bank of EnglandAlso called: sterling bloc, scheduled territories
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Words nearby sterling area
sterilization, sterilize, sterilizer, sterlet, sterling, sterling area, sterling bloc, Sterling Heights, sterling silver, Sterlitamak, stern
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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How to use sterling area in a sentence
It will enable the whole sterling area and other countries affiliated with it to resume trade on a multilateral basis.
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